RDA Resolution 2007-010
RESOLUTION NO. RA 2007-010
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY. AUTHORIZING INVESTMENTS OF MONIES IN
THE LOCAL AGENCY INVESTMENT FUND
WHEREAS. Pursuant to Chapter 730 of the statutes of 1976 Section
16429.1 was added to the California Government Code to create a Local Agency
Investment Fund in the State Treasury for the deposit of money of a local agency
for purposes of investment by the State Treasurer; and
WHEREAS. the La Quinta Redevelopment Agency does hereby find that
deposit and withdrawal of money in the Local Agency Investment Fund in
accordance with the provisions of Section 16429.1 of the Government Code for
the purpose of investment as stated therein as in the best interests of the City of
La Quinta.
NOW THEREFORE. BE IT RESOLVED. that the La QuintaRedevelopment
Agency does hereby authorize the deposit and withdrawal of City of La Quinta
monies in the Local Agency Investment Fund in the State of Treasury in
accordance with the provisions of Section 16429.1 of the Government Code of for
the propose of investment as stated therein, and verification by the State
Treasurer's Office of all banking information provided in that regard.
BE IT FURTHER RESOLVED. that following La Quinta Redevelopment Agency
officers or their successors in office shall be authorized to order the deposit or
withdrawal of monies in the Local Agency Investment Fund:
Thomas P. Genovese
(NAME)
John M. Falconer
(NAME)
Executive Director
(TITLE)
~p~
(SIGNATURE)
PASSED. APPROVED. and ADOPTED at a regular meeting of the La Quinta
Redevelopment Agency, held on this 18th day of September. 2007 by the following
vote, to wit:
Resolution No. RA 2007-010
Authorizing Investments of Monies
In the Local Agency Investment Fund
Adopted: September 18, 2007
Page 2
AYES:
Board Members Adolph, Henderson, Kirk, Sniff, Chairman Osborne
NOES:
None
ABSENT:
None
ABSTAIN:
None
ATTEST:
VERONICA J. NT CI 0, Agency Secretary
La QUlnta Re evelopment Agency
(Agency Seal)
APPROVED AS TO FORM: